Maryland Veterans Memorial Museum Inc
Maryland Veterans Memorial Museum Inc. faces persistent operating deficits despite substantial assets.
EIN: 202462036 · La Plata, MD · NTEE: A80 · Updated: 2026-03-28
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Identity resolved verified
Maryland Veterans Memorial Museum Inc is mapped to EIN 202462036.
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9 stored filing years available.
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9 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $129K |
| Total Expenses | $155K |
| Program Spending | 75% |
| Net Assets | $3.2M |
| Transparency Score | 60/100 |
Search Intent Cockpit
Maryland Veterans Memorial Museum Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Maryland Veterans Memorial Museum Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Maryland Veterans Memorial Museum Inc in one place.
Form 990 Filing Summary
9 filing years are available, with latest revenue of $70K and expenses of $155K.
Revenue and Expenses
Maryland Veterans Memorial Museum Inc reported $70K in revenue and $155K in expenses, a deficit of $85K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
60/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Maryland Veterans Memorial Museum Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $117K (75%) |
Across stored filings, Maryland Veterans Memorial Museum Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade B | 9 stored filing years |
| Peer context | Compare with Main Street Mobile Treatment Associates Inc | Maryland and Arts & Culture context |
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Maryland Veterans Memorial Museum Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maryland Veterans Memorial Museum Inc
Maryland Veterans Memorial Museum Inc (EIN: 202462036) is a nonprofit organization based in La Plata, MD, classified under NTEE code A80. The organization reported total revenue of $129K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maryland Veterans Memorial Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maryland Veterans Memorial Museum Inc is a small nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $155K |
| Surplus / Deficit | $-85,382 |
| Total Assets | $3.4M |
| Total Liabilities | $163K |
| Net Assets | $3.2M |
| Operating Margin | -121.8% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 262.1 months |
Financial Health Grade: B
In 2023, Maryland Veterans Memorial Museum Inc reported a deficit of $85K with expenses exceeding revenue, holds 262.1 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Maryland Veterans Memorial Museum Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.7% | +13.5% | -2.8% |
| 2022 | -39.9% | -18.1% | -2.5% |
| 2021 | -63.5% | +27.4% | -1.1% |
| 2020 | +479.7% | -11.9% | +0.4% |
| 2019 | -83.4% | -10.7% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maryland Veterans Memorial Museum Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Maryland Veterans Memorial Museum Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.8%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all nine filings, indicating a volunteer-led executive structure, which is positive for minimizing overhead costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Maryland Veterans Memorial Museum Inc's IRS 990 filings:
- Persistent operating deficits (expenses exceeding revenue in 2023, 2022, 2021, 2019)
- Declining asset base since 2018, suggesting reliance on reserves
- Highly volatile revenue streams over the past several years
Strengths
The following positive indicators were identified for Maryland Veterans Memorial Museum Inc:
- No reported officer compensation, indicating volunteer leadership and low executive overhead
- Substantial asset base ($3,344,517) provides some financial cushion
- Consistent IRS 990 filing history demonstrates transparency
Frequently Asked Questions about Maryland Veterans Memorial Museum Inc
Is Maryland Veterans Memorial Museum Inc a legitimate charity?
Maryland Veterans Memorial Museum Inc (EIN: 202462036) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 60/100. It has 9 years of IRS 990 filings on record. Total revenue: $129K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Maryland Veterans Memorial Museum Inc spend its money?
Maryland Veterans Memorial Museum Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Maryland Veterans Memorial Museum Inc tax-deductible?
Maryland Veterans Memorial Museum Inc is registered as a tax-exempt nonprofit (EIN: 202462036). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maryland Veterans Memorial Museum Inc's spending goes to programs?
Maryland Veterans Memorial Museum Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maryland Veterans Memorial Museum Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Maryland Veterans Memorial Museum Inc is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maryland Veterans Memorial Museum Inc located?
Maryland Veterans Memorial Museum Inc is headquartered in La Plata, Maryland and files with the IRS under EIN 202462036. It is classified under NTEE code A80.
How many years of IRS 990 filings does Maryland Veterans Memorial Museum Inc have?
Maryland Veterans Memorial Museum Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $129K in total revenue.
Is Maryland Veterans Memorial Museum Inc. financially sustainable?
The organization's financial sustainability is questionable given that expenses have consistently exceeded revenue in recent years (e.g., $155,498 expenses vs. $70,116 revenue in 2023), leading to operating deficits and a gradual decline in assets.
How has the organization's asset base changed over time?
The organization's assets have generally declined from a peak of $3,694,083 in 2018 to $3,344,517 in the latest filing, suggesting a draw-down of reserves.
What is the trend in revenue for the organization?
Revenue has been highly volatile, with significant fluctuations such as $2,995,481 in 2017, dropping to $61,168 in 2019, and currently at $70,116 in 2023, indicating an inconsistent funding stream.
Filing History
IRS 990 filing history for Maryland Veterans Memorial Museum Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Maryland Veterans Memorial Museum Inc's revenue has declined by 25.3%, moving from $94K to $70K. Total assets increased by 5030.8% over the same period, from $66K to $3.4M. Total functional expenses rose by 351.7%, from $34K to $155K. In its most recent filing year (2023), Maryland Veterans Memorial Museum Inc reported a deficit of $85K, with expenses exceeding revenue. The organization holds $163K in liabilities against $3.4M in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $70K | $155K | $3.4M | $163K | — | — |
| 2022 | $78K | $137K | $3.5M | $174K | — | View 990 |
| 2021 | $129K | $167K | $3.6M | $203K | — | View 990 |
| 2020 | $355K | $131K | $3.6M | $203K | — | — |
| 2019 | $61K | $149K | $3.6M | $414K | — | View 990 |
| 2018 | $369K | $167K | $3.7M | $414K | — | View 990 |
| 2017 | $3.0M | $75K | $3.1M | $0 | — | View 990 |
| 2016 | $150K | $58K | $158K | $0 | — | View 990 |
| 2015 | $94K | $34K | $66K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $70K, expenses of $155K, and assets of $3.4M (revenue -9.7% year-over-year).
- 2022: Revenue of $78K, expenses of $137K, and assets of $3.5M (revenue -39.9% year-over-year).
- 2021: Revenue of $129K, expenses of $167K, and assets of $3.6M (revenue -63.5% year-over-year).
- 2020: Revenue of $355K, expenses of $131K, and assets of $3.6M (revenue +479.7% year-over-year).
- 2019: Revenue of $61K, expenses of $149K, and assets of $3.6M (revenue -83.4% year-over-year).
- 2018: Revenue of $369K, expenses of $167K, and assets of $3.7M (revenue -87.7% year-over-year).
- 2017: Revenue of $3.0M, expenses of $75K, and assets of $3.1M (revenue +1899.9% year-over-year).
- 2016: Revenue of $150K, expenses of $58K, and assets of $158K (revenue +59.7% year-over-year).
- 2015: Revenue of $94K, expenses of $34K, and assets of $66K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maryland Veterans Memorial Museum Inc:
Data Sources and Methodology
This transparency report for Maryland Veterans Memorial Museum Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.